Denim Solutions Limited

Denim Solutions Ltd from Brentwood UK is a small, active company founded 11 years ago. It employs six people and holds assets totaling £3,298,862. The company is a family business with two directors and two owners. It regularly imports clothing and accessories, not knitted or crocheted, with the last import operation occurring four months ago in December 2020.

The company operates in the manufacture of other men's outerwear industries. Its registered address is real, with only six companies registered at the same address, suggesting a genuine business location. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees.

Financially, Denim Solutions Ltd shows some concerning trends. Cash bank on hand has decreased by a significant 23%, dropping to £1,500,000. Creditors have also fallen sharply, down 51% to £550,000. However, debtors have increased by 13%, reaching £1,800,000, and equity has risen by 13%, reaching £2,800,000. The company's net current assets and liabilities have also increased by 13%, reaching £2,700,000. It’s worth noting that the company’s trade creditors and trade payables have plummeted by 95%, which could indicate improved payment terms with suppliers, or perhaps a temporary reduction in purchases.

The company's financial statements are unaudited, and no auditor is mentioned, which is typical for small companies. The decrease in cash reserves and increase in debtors could be a sign that the company is struggling to manage its working capital effectively. However, the increase in equity suggests that the owners are confident in the company’s long-term prospects. The company’s small size and family ownership structure may help it to adapt to changing market conditions, but it will need to carefully manage its finances to ensure its continued success.

Registered in England/Wales under the registration number 08802350, with a registered address at CM13 2PE, England, Brentwood, 6 Hillwood Close, Hutton.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.